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Finding Foresclosures

Discussion in 'Real Estate' started by ChrisandK8, 1st Aug, 2008.

  1. ChrisandK8

    ChrisandK8 Member

    Joined:
    1st Aug, 2008
    Posts:
    8
    Location:
    Bamaga, Qld
    Does anyone know how to find out about foreclosures here in Qld or Australia? Is there a list to access somewhere or someone to contact?
     
  2. Jacque

    Jacque Team InvestEd

    Joined:
    16th Jun, 2005
    Posts:
    1,885
    Location:
    Sydney
    Try National Mortgagee and Deceased Estate Properties - NMD Data for MIP and deceased estates sales.
    Bank foreclosures aren't advertised in Oz as they are in the US (Have you been reading American investment books lately?)- and even if they were, it doesn't necessarily mean you're getting a "bargain". In fact, sometimes they can have the opposite effect and drive up interest so much you end up buying at a fair or above market price.